11

any diminution in the regular receipts of this Branch of the Road. On
the contrary, there is every reason to believe, that the receipts of the
present Fiscal year on this account will exhibit a considerable increase.

SUSQUEHANNA AND TIDEWATER CANAL COMPANIES.

Statement No. 12, shows, that there has been received, from these
Companies, during the fiscal year, the sum of $65,406.10, of which
$33,550 were paid on account of the current interest for the year 1853.

There is, therefore, still due by these Companies, for the interest of this
year, the sum of $33,937.50.

In addition to this, there is due, by them, a sum exceeding $90,000 on
account of deficiencies of interest in arrears for past years, which they
have heretofore been unable to pay. There was a proposition made to
the Executive some years ago, that these arrearages should be funded, and
then the Companies would be able to pay, annually, the interest accruing
thereon. This arrangement it would be well to allow these Companies
now to consummate.

BALTIMORE AND SUSQUEHANNA RAIL ROAD COMPANY.

From this Company, no payment has been made into the Treasury
during the fiscal year. It is probable, a material cbabge will soon take
place in its connection with the State. By chapter 250 of 1854, this
Company was authorised to consolidate with the York and Maryland Line
Rail Road Company, the York aad Cumberland Rail Road Company, and.
the Susquehanna Rail Road Company, in the State of Pennsylvania; and
so to constitute one Company under the title of the Northern, Central
Railway Company, upon cetain terms in that Act of Assembly specified

Subsequently, by chapter 260 of the same Acts of Assembly, the
Treasurer of the State of Maryland was authorised and directed to transfer
to said Northern Central Railway Company or to the consolidated Com-
pany, by whatever name it may be called, whenever the same shall have
been erected, according to the act above mentioned, all the State's interest
and estate in the Baltimore and Susquehanna Rail Road Company,
whether as creditor, mortgagee or stockholder, or otherwise, upon re-,
ceiving, from the said consolidated Company, a mortgage, to the State, of